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  • #1,741
  • Mar 11, 2009 4:29am Mar 11, 2009 4:29am
What do you think John,
can't we use this setup on M5 charts without fine tuning the indicators?
Trading S/R with PA only. No indicators anymore!
  • #1,742
  • Mar 11, 2009 5:26am Mar 11, 2009 5:26am
how my trades went
and after the short a new long position
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 47 KB
Trading S/R with PA only. No indicators anymore!
  • #1,743
  • Mar 11, 2009 6:10am Mar 11, 2009 6:10am
Quoting f4mnect
John have you read any of Maxwell Maltz stuff. I love Hills stuff and have it all. But Psycho-Cybernetics is what really changed me. Both the new and old versions.
Hi,

No I have not..... His name rings a bell, but that's all. Is this in pdf and free available?

Have a nice day f4mnect,
John
  • #1,744
  • Mar 11, 2009 6:14am Mar 11, 2009 6:14am
Quoting Jazz1964
What do you think John,
can't we use this setup on M5 charts without fine tuning the indicators?
Sorry...... this setup is only to be used on TF1.
TF5 requires a different setup.

John
  • #1,745
  • Mar 11, 2009 7:55am Mar 11, 2009 7:55am
Quoting John Edwards
Sorry...... this setup is only to be used on TF1.
John
Thanks again for all your support!
Trading S/R with PA only. No indicators anymore!
  • #1,746
  • Mar 11, 2009 8:01am Mar 11, 2009 8:01am
how to set up TF5 and TF15 ribbons on main chart?
  • #1,747
  • Mar 11, 2009 9:43am Mar 11, 2009 9:43am
Hi guys,

one question for JE, how does the ribbons works or how did you figure out they could work in conjuction, is it timeframes that agree or something like that?
btw did u see eurusd and the jazz chart had almost similar moves today.
  • #1,748
  • Mar 11, 2009 10:43am Mar 11, 2009 10:43am
You can find it all on page 100....

Quoting blanca
Hi guys,

one question for JE, how does the ribbons works or how did you figure out they could work in conjuction, is it timeframes that agree or something like that?
btw did u see eurusd and the jazz chart had almost similar moves today.
  • #1,749
  • Mar 11, 2009 7:27pm Mar 11, 2009 7:27pm
Hi I have a question of the JE setup.. you dont want to do any plays
going right into/across or while you are still within any ribbons??

I mean including the huge wide grey ribbons.. you dont want to
play going across, into, thru them however you want to see
it..the 180/270 ma ribbons for example. Really only stars
ie the blackness is what you want to play into at all times?

thanks

Brian



Quoting Jazz1964
Just another exemple because I like this setup, thanks to J.E.
It's from the last hour, two nice trades.
Note: it's not a forex chart, but this is what I'm trading.
  • #1,750
  • Mar 11, 2009 11:01pm Mar 11, 2009 11:01pm
Quoting endubito
ClearTrade, grats on the pips. Could you explain what indicator setup caused you to take the trade?

I've been off the boards for a while (missed all the brouhaha) and I'm trying to catch up with the development of this system.

Thanks
Sorry I'm replying so late, I just got home from taking the kids to Centennial Park.

Call me a Chicken but I'm only taking trades when the price is above or below all four ribbons. I like my chances with that set-up. Also the CCI 21 and 89 were above 100 and the Stoch took a bounce above the 50 to 60 mark. It helps to have a 5 min chart open to as a reference because the price bounces off the ribbons there also.
  • #1,751
  • Mar 12, 2009 1:02am Mar 12, 2009 1:02am
One more question, is there a rule about when all the bands are tightly together and super thin, like the gbp/usd right now on my mt4 they all look sickly thin and bound tight together. LOL.. is there anything as a rule or indicator or something where we would keep out of such times?

thanks!!

Brian

Quoting ClearTrade
Sorry I'm replying so late, I just got home from taking the kids to Centennial Park.

Call me a Chicken but I'm only taking trades when the price is above or below all four ribbons. I like my chances with that set-up. Also the CCI 21 and 89 were above 100 and the Stoch took a bounce above the 50 to 60 mark. It helps to have a 5 min chart open to as a reference because the price bounces off the ribbons there also.
  • #1,752
  • Mar 12, 2009 3:02am Mar 12, 2009 3:02am
Brian,

When beginning to use this setup...... why not explicitely look out for the very low risk setups as described on page 100, i.e. those that have all the marks where price is diving into the black abyss (shorts) or rising up to the stars (longs), for by far the best opportunities are to be expected when there is no ribbon under or above the price?

Why choose more risky setups? If you succeed in trading those 50 pips a day trades..... you will have made a lot of money by the end of six months, that is when you use the right scripts for your trade entries and MM as wel....

It's true you may have to wait each day a while, but there is no risk whatsoever in waiting for the right opportunity.

If you want to make more pips you can do the same with for instance GBPUSD.... and grab there the same amount of pips...

Almost every day these opportunities occur..... sometimes more than once. Most of the time these trades make more than 50 pips. Yesterday for instance there was such a beauty starting on EurUSD at about 18:30 GMT. You also could have gotten into this trade at about 18:50 GMT immediately after the first retracement

B.T.W. This is something all of you should be watching. Most of the time the first retracement that occurs..... when going into those black area's presents the better entry on those rides !!!!

This morning such a trade started at 06:21 GMT on EurUSD when price fell under 1.2800 to the Pivotline at 1.2762. A trade like that could have served you well with at least 20 pips.

Only when you have arrived at a point in time where you can distinguish much better and quicker resistance/support you can always go a step further and start trading between and inside the ribbons...

Such would be my advise.

Cheers and have a pipfull day,

John

Quoting golden1
Hi I have a question of the JE setup.. you dont want to do any plays
going right into/across or while you are still within any ribbons??

I mean including the huge wide grey ribbons.. you dont want to
play going across, into, thru them however you want to see
it..the 180/270 ma ribbons for example. Really only stars
ie the blackness is what you want to play into at all times?

thanks

Brian
  • #1,753
  • Mar 12, 2009 7:06am Mar 12, 2009 7:06am
Quoting golden1
One more question, is there a rule about when all the bands are tightly together and super thin, like the gbp/usd right now on my mt4 they all look sickly thin and bound tight together. LOL.. is there anything as a rule or indicator or something where we would keep out of such times?

thanks!!

Brian
You're at a great point, just wait until the price falls below all four ribbons or rise above all four ribbons. I will even wait for a bounce after the initial movement for confirmation.
  • #1,754
  • Edited 7:39am Mar 12, 2009 7:23am | Edited 7:39am
I have my personal reasons to do something nice today and hope that most of you like this update......

Instead of using Randy Candles this template is into MA Candles.

Convince yourself how easy it was to take the latest long at the end of this EurUSD chart. How nice it went straight up to the targetline.

Here is the template and MA Candles indicator.

Enjoy, John
Attached Image (click to enlarge)
Click to Enlarge Name: 4 ribbons + ma candles.gif Size: 46 KB
Attached File(s)
File Type: tpl ! actiontrade v3 ma candles - fx50 system 1 min.tpl   15 KB | 663 downloads
File Type: mq4 MA Candles.mq4   4 KB | 702 downloads
  • #1,755
  • Mar 12, 2009 7:30am Mar 12, 2009 7:30am
Hi John,
Another chart of FESX future.
The first arrow short was a succesfull trade I took this morning.

I didn't take the second arrow (Long). My question about this one is:
TF1 Ribbon just starting to make an opening triangle
Tick Ribbon same situation and price is above TF1 Ribbon
TF5 Ribbon is not far away, but it's about an average wave amplitude away.

What do you think about this second arrow on the chart?
Too risky?
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 56 KB
Trading S/R with PA only. No indicators anymore!
  • #1,756
  • Mar 12, 2009 7:44am Mar 12, 2009 7:44am
Another update!!
I am curious for these MA candles!
Thanks John.
Hope you enjoy your 'personal reason'! Good luck with it, whatever it is (no loss I guess).
Trading S/R with PA only. No indicators anymore!
  • #1,757
  • Mar 12, 2009 7:52am Mar 12, 2009 7:52am
Hi Jazz,

Did you measure pipdistance towards ribbon above? (I have pointed this out in several examples...... somewhere on page 100 or following pages how to do that. This is very important to do when trading between or inside the ribbons). Next take about 2/3 of that distance..... If that is enough to make the trade profitable you could have taken it, beacuse the TrendCCI is moving towards zeroline in two stages...... shorter stage and longer stage..... From that perspective there is enough momentum as well.

Hope this helps, John

Quoting Jazz1964
Hi John,
Another chart of FESX future.
The first arrow short was a succesfull trade I took this morning.

I didn't take the second arrow (Long). My question about this one is:
TF1 Ribbon just starting to make an opening triangle
Tick Ribbon same situation and price is above TF1 Ribbon
TF5 Ribbon is not far away, but it's about an average wave amplitude away.

What do you think about this second arrow on the chart?
Too risky?
  • #1,758
  • Mar 12, 2009 8:04am Mar 12, 2009 8:04am
Quoting John Edwards
Hi Jazz,

Did you measure pipdistance towards ribbon above? .............
Hope this helps, John
It's in your post 1522.
I will determine a good distance for my FESX.
I feel very lonely here trading this future, but I love it.
Thanks again John. (I want to have a shortcut on my keyboard for this standard line)
Trading S/R with PA only. No indicators anymore!
  • #1,759
  • Mar 12, 2009 8:12am Mar 12, 2009 8:12am
Thanks a lot JE, its so nice all your work i really enjoy it, i took the first two shorts in euro this morning as they were all under the 4 ribbons, the, long very nice in euro i hesistated a little because it was only 3 ribbons i feel safer with 4 but then later i saw the 1,5,15 agreed and that 30 was really away and starting to open wide so made the entry for few pips i took it late but 17 pips are good. thanks je.
  • #1,760
  • Edited 10:27am Mar 12, 2009 9:28am | Edited 10:27am
I cant remember who started talking about these but I started seeing them after reading about them. So here is an example of what I am asking a question about. Are these High probability trades?

Notice double tops at the two red arrows, and the converging ribbon, then we get a big move down and some hesitation at one of the pivots. Next we get a move up that stalls and cant set a new high and a doji which is my confirmation/entry (blue line). Notice that that moves ends at the moment at the low ribbon.
Attached Image (click to enlarge)
Click to Enlarge Name: fx50 question.jpg Size: 127 KB
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